Atkins Sets September 15 Deadline for Senate to Consider Landmark Crypto Bill

SEC Chair Paul Atkins has set September 15 as the target date for the Senate to take up the CLARITY Act, a landmark crypto bill.

The bill aims to establish clear regulations for the industry and provide a framework for the SEC to work alongside. Atkins has expressed his desire for the legislation to advance quickly and reach President Donald Trump's desk.

Atkins also emphasized the importance of establishing a legal foundation that future SEC leaders would find difficult to reverse, stating that 'our goal is to get them adopted, to get them taken up by the industry.'

The agency has proposed exemptions for certain crypto fundraising activities and is seeking public feedback. Industry views remain mixed, with some expressing optimism while others are pessimistic about the bill's chances of passing.